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EZCORP INC（EZPW）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是EZCORP INC的1.6倍（$614.5M vs $382.0M），EZCORP INC净利率更高（11.6% vs -2.0%，领先13.6%），Cloudflare, Inc.同比增速更快（33.6% vs 19.3%），Cloudflare, Inc.自由现金流更多（$105.2M vs $31.7M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 15.6%）
EZCORP是总部位于美国得克萨斯州奥斯汀的典当行运营商，业务覆盖美国及拉丁美洲地区，是美国第二大典当行运营商，仅次于Cash America International，目前在纳斯达克挂牌上市。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
EZPW vs NET — 直观对比
营收规模更大
NET
是对方的1.6倍
$382.0M
营收增速更快
NET
高出14.3%
19.3%
净利率更高
EZPW
高出13.6%
-2.0%
自由现金流更多
NET
多$73.5M
$31.7M
两年增速更快
NET
近两年复合增速
15.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $382.0M | $614.5M |
| 净利润 | $44.3M | $-12.1M |
| 毛利率 | 58.4% | 73.6% |
| 营业利润率 | 15.9% | -8.0% |
| 净利率 | 11.6% | -2.0% |
| 营收同比 | 19.3% | 33.6% |
| 净利润同比 | 42.8% | 6.0% |
| 每股收益（稀释后） | $0.55 | $-0.03 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收EZPWNET
| Q4 25 | $382.0M | $614.5M | ||
| Q3 25 | $336.8M | $562.0M | ||
| Q2 25 | $311.0M | $512.3M | ||
| Q1 25 | $306.3M | $479.1M | ||
| Q4 24 | $320.2M | $459.9M | ||
| Q3 24 | $294.6M | $430.1M | ||
| Q2 24 | $281.4M | $401.0M | ||
| Q1 24 | $285.6M | $378.6M |
净利润EZPWNET
| Q4 25 | $44.3M | $-12.1M | ||
| Q3 25 | $26.7M | $-1.3M | ||
| Q2 25 | $26.5M | $-50.4M | ||
| Q1 25 | $25.4M | $-38.5M | ||
| Q4 24 | $31.0M | $-12.8M | ||
| Q3 24 | $15.2M | $-15.3M | ||
| Q2 24 | $17.9M | $-15.1M | ||
| Q1 24 | $21.5M | $-35.5M |
毛利率EZPWNET
| Q4 25 | 58.4% | 73.6% | ||
| Q3 25 | 59.0% | 74.0% | ||
| Q2 25 | 59.1% | 74.9% | ||
| Q1 25 | 58.3% | 75.9% | ||
| Q4 24 | 57.9% | 76.4% | ||
| Q3 24 | 59.5% | 77.7% | ||
| Q2 24 | 59.2% | 77.8% | ||
| Q1 24 | 58.7% | 77.5% |
营业利润率EZPWNET
| Q4 25 | 15.9% | -8.0% | ||
| Q3 25 | 11.0% | -6.7% | ||
| Q2 25 | 11.6% | -13.1% | ||
| Q1 25 | 11.2% | -11.1% | ||
| Q4 24 | 13.1% | -7.5% | ||
| Q3 24 | 8.8% | -7.2% | ||
| Q2 24 | 7.9% | -8.7% | ||
| Q1 24 | 9.6% | -14.4% |
净利率EZPWNET
| Q4 25 | 11.6% | -2.0% | ||
| Q3 25 | 7.9% | -0.2% | ||
| Q2 25 | 8.5% | -9.8% | ||
| Q1 25 | 8.3% | -8.0% | ||
| Q4 24 | 9.7% | -2.8% | ||
| Q3 24 | 5.2% | -3.6% | ||
| Q2 24 | 6.4% | -3.8% | ||
| Q1 24 | 7.5% | -9.4% |
每股收益（稀释后）EZPWNET
| Q4 25 | $0.55 | $-0.03 | ||
| Q3 25 | $0.35 | $0.00 | ||
| Q2 25 | $0.34 | $-0.15 | ||
| Q1 25 | $0.33 | $-0.11 | ||
| Q4 24 | $0.40 | $-0.05 | ||
| Q3 24 | $0.20 | $-0.04 | ||
| Q2 24 | $0.25 | $-0.04 | ||
| Q1 24 | $0.29 | $-0.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $465.9M | $943.5M |
| 总债务越低越好 | $518.6M | — |
| 股东权益账面价值 | $1.1B | $1.5B |
| 总资产 | $2.0B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资EZPWNET
| Q4 25 | $465.9M | $943.5M | ||
| Q3 25 | $469.5M | $1.1B | ||
| Q2 25 | $472.1M | $1.5B | ||
| Q1 25 | $505.2M | $204.5M | ||
| Q4 24 | $174.5M | $147.7M | ||
| Q3 24 | $170.5M | $182.9M | ||
| Q2 24 | $218.0M | $157.0M | ||
| Q1 24 | $229.1M | $254.4M |
总债务EZPWNET
| Q4 25 | $518.6M | — | ||
| Q3 25 | $518.1M | — | ||
| Q2 25 | $517.6M | — | ||
| Q1 25 | $620.5M | — | ||
| Q4 24 | $327.7M | — | ||
| Q3 24 | $327.3M | — | ||
| Q2 24 | $361.3M | — | ||
| Q1 24 | $360.9M | — |
股东权益EZPWNET
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $990.1M | $1.2B | ||
| Q1 25 | $851.6M | $1.4B | ||
| Q4 24 | $823.9M | $1.0B | ||
| Q3 24 | $804.6M | $973.1M | ||
| Q2 24 | $801.5M | $881.5M | ||
| Q1 24 | $800.4M | $797.2M |
总资产EZPWNET
| Q4 25 | $2.0B | $6.0B | ||
| Q3 25 | $2.0B | $5.8B | ||
| Q2 25 | $1.9B | $5.6B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $1.5B | $3.3B | ||
| Q3 24 | $1.5B | $3.1B | ||
| Q2 24 | $1.5B | $2.9B | ||
| Q1 24 | $1.5B | $2.8B |
负债/权益比EZPWNET
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.45× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $39.1M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $31.7M | $105.2M |
| 自由现金流率自由现金流/营收 | 8.3% | 17.1% |
| 资本支出强度资本支出/营收 | 2.0% | 13.9% |
| 现金转化率经营现金流/净利润 | 0.88× | — |
| 过去12个月自由现金流最近4个季度 | $121.7M | $287.5M |
8季度趋势，按日历期对齐
经营现金流EZPWNET
| Q4 25 | $39.1M | $190.4M | ||
| Q3 25 | $51.3M | $167.1M | ||
| Q2 25 | $34.8M | $99.8M | ||
| Q1 25 | $36.9M | $145.8M | ||
| Q4 24 | $26.0M | $127.3M | ||
| Q3 24 | $43.3M | $104.7M | ||
| Q2 24 | $33.7M | $74.8M | ||
| Q1 24 | $15.1M | $73.6M |
自由现金流EZPWNET
| Q4 25 | $31.7M | $105.2M | ||
| Q3 25 | $35.7M | $82.5M | ||
| Q2 25 | $25.7M | $39.9M | ||
| Q1 25 | $28.6M | $59.9M | ||
| Q4 24 | $20.4M | $54.2M | ||
| Q3 24 | $24.4M | $54.5M | ||
| Q2 24 | $30.5M | $45.2M | ||
| Q1 24 | $8.6M | $41.5M |
自由现金流率EZPWNET
| Q4 25 | 8.3% | 17.1% | ||
| Q3 25 | 10.6% | 14.7% | ||
| Q2 25 | 8.3% | 7.8% | ||
| Q1 25 | 9.3% | 12.5% | ||
| Q4 24 | 6.4% | 11.8% | ||
| Q3 24 | 8.3% | 12.7% | ||
| Q2 24 | 10.8% | 11.3% | ||
| Q1 24 | 3.0% | 11.0% |
资本支出强度EZPWNET
| Q4 25 | 2.0% | 13.9% | ||
| Q3 25 | 4.6% | 15.1% | ||
| Q2 25 | 2.9% | 11.7% | ||
| Q1 25 | 2.7% | 17.9% | ||
| Q4 24 | 1.8% | 15.9% | ||
| Q3 24 | 6.4% | 11.7% | ||
| Q2 24 | 1.1% | 7.4% | ||
| Q1 24 | 2.3% | 8.5% |
现金转化率EZPWNET
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.92× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 2.85× | — | ||
| Q2 24 | 1.88× | — | ||
| Q1 24 | 0.70× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
